LIC's Jeevan Utkarsh 846

LIC’s Jeevan Utkarsh Plan Table No. 846

Recently, LIC has launched a Single Premium new Endowment Plan Jeevan Utkarsh Table No 846. Unique features of this plans are explained along with the example in this article. This plan has death sum assured approximately 10 times the Single premium paid and term of the policy is 12 years. Individuals from age of 6 years to the age of 47 years can opt for this plan. This is the best option for falling interest rate. Highlights of the Plan Jeevan Utkarsh 846 Single Premium. 12 years Policy Term. 6-year Minimum Entry age and maximum 47 years. Rs. 75,000/- Minimum Sum Continue Reading »

PRADHAN-MANTRI-VAYA-VANDANA-YOJANA

LIC’s Pradhan Mantri Vaya Vandan Yojana 842

LIC’s  Pradhan Mantri Vaya Vandan Yojana Plan No 842 is a plan which is Government Subsidized Scheme. It provides Return of 8% P.A. payable monthly (Equivalent to 8.30 % p.a) during policy term of 10 years. This plan is for the citizens above 60 years.  Sum Assured: Yearly: Minimum Rs. 1,44,578/-  Maximum Rs. 7,22,892/- Half Yearly: Minimum Rs. 1,47,601/-  Maximum Rs. 7,38,007/- Quarterly: Minimum Rs. 1,49,068/-  Maximum Rs. 7,45,342/- Monthly: Minimum Rs. 1,50,000/-  Maximum Rs. 7,50,000/- Pension Rate: Yearly: 8.30 % Half Yearly: 8.13 % Quarterly: 8.05 % Monthly: 8.00 % Pension Limit: Yearly: Minimum Rs. 12,000/-  Maximum Rs. 60,000/- Continue Reading »

jeevan-akshay-vi

LIC’s Jeevan Akshay VI Pension Plan 189

LIC’s Jeevan Akshay VI is a Pension /Annuity Plan under Table No 189. It is a plan with a Single premium, with Annuity Option, non-linked Endowment Plan Sum Assured: Minimum limit for the sum assured is Rs. 1, 50,000/- for online and Rs. 1, 00,000/- for other Channel, there is no maximum limit. Premium Paying Term: Single Premium Policy. Entry Age: 30 Year to Age 85 Year, for Option F 100 Year (LBD) Premium Payment Mode: Single Premium. Maturity Benefits: As per Option Selected. Income Tax Benefit: Premium paid under this policy is tax exempted under section 80C. Liquidity Benefit: No Loan facility available under this plan. Continue Reading »